Page 2 - Bubble Epoch News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Getting back to normal probably won’t happen. Too much of our economy now depends on very abnormal interest rates.

Once an economy has gotten used to big doses of cheap money (artificially low interest rates…deficits…quantitative easing, etc.), trying to go back to normal monetary policies is painful.

The Fed has walked off the job. It’s no longer spiking the punch and inflating the economy. But the music is still playing; once underway, inflation can be hard to stop.

Stocks wobbled on Friday, up…down…but ended the day with the Dow below 30,000. What will happen today? Tomorrow? We don’t know.

YOUGHAL, IRELAND – A dear reader described today’s money landscape in stark terms. Here’s Michael M.: Wait, you wouldn’t pay 10 cents for a 1,700% return?! Why am I reading you?!? Lol. I call BS. If I told you I invested a few sheckles in some goofy tech startup with a sexy story and it shot up 1,700%, you’d invite me to write for one of your rags. My stock portfolio is up/down single or double digits. My crypto portfolio is up 785%. Who cares whether I make my money at DraftKings or FanDuel?! Profit is profit, and missing out is missing out. Love ya.